Managers
Chris Rokos and his fellow partners at Rokos Capital Management paid themselves £445m ($563m) for the year ended March 2023, after the macro hedge fund produced its best ever gains in 2022, according to a report by Bloomberg.
Hedge funds are cautiously returning to the oil futures and options markets, following weeks of selling prompted by concerns over a weakening economy and prospect of a global recession, according to a report by Reuters.
Global hedge funds have upped their bets against US banks and other financial companies to the highest level seen in four months, according to a report by Reuters citing a client note from Goldman Sachs’s prime brokerage unit.
Rokos Capital Management, the hedge fund firm founded by macro trader Chris Rokos in 2015, is looking to increase its asset base and is reportedly in talks with investors over raising up to $2bn in additional funds, according to a report by Bloomberg.
Pay for the 16 top partners at Brevan Howard hit £147m last year as the London-based hedge fund firm founded by Alan Howard saw a big surge in revenue, according to a report by the Financial Times.
Food manufacturing group Bakkavor has made a change to its board after hedge fund Baupost sold its 20.1% stake in the business to private equity investment firm LongRange Capital, according to a report by ShareCast.
Hong Kong-based hedge fund Torq Capital is shutting up shop after more than seven years of trading with founder and Chief Investment Officer Avinash Abraham set to re-join Citadel as a Portfolio Manager, 15 years after leaving the firm, according to a report by Bloomberg.
Sean Gambino, who closed his own Heron Bay Capital hedge fund firm in 2022 to join Eisler Capital, is leaving the multi-strategy investment firm to set up on his own again, according to a report by Bloomberg.
Kirkoswald Asset Management, the London-based investment firm founded by Australian Greg Coffey, has become the latest hedge fund to establish a presence in Abu Dhabi with the opening of a new office in the emirate, according to a report by Bloomberg.
Hedge funds that make money from M&A arbitrage are set to benefit amid signs that the deal activity is beginning to recover after 2023 turned out to be the sector’s worst year for a decade, with deal volume totalling just $2.9tn, according to a report by Bloomberg.
